The Oil and Gas Holding Company (nogaholding) is the business and investment arm of NOGA and steward of the Bahrain Government's investment in The Bahrain Petroleum Company (Bapco), The Bahrain National Gas Company (Banagas), The Bahrain National Gas Expansion Company (BNGEC), The Bahrain Aviation Fuelling Company (Bafco), The Bahrain Lube Base Oil Company, the Gulf Petrochemical Industry Company (GPIC), and Tatweer Petroleum.
nogaholding's mission is to build, develop, and manage a portfolio of oil and gas industry related companies by investing effectively and promoting excellence.
nogaholding aspires to contribute to national economic diversification and growth by achieving sustained performance excellence from a portfolio of domestic and international investments.
The hierarchy of business roles within the industry in the Kingdom of Bahrain comprises three levels namely, The National Oil and Gas Authority (NOGA), The Oil and Gas Holding Company (nogaholding) and the subsidiary companies (SubCo).
NOGA has a political role proposing and implementing government policy, and setting standards for the industry in Bahrain. NOGA provides a strategy link with the Government of the Kingdom of Bahrain and more specifically the Government Cabinet.
nogaholding is the business focused unit that aims to create shareholder value by the successful management of a portfolio of oil, gas, and petrochemical assets in which the Government of the Kingdom of Bahrain has a shareholding.
Subsidiary companies are guided to focus on financial and operating performance in their specific business.
As a consequence of this structure, the portfolio within oil, gas, and petrochemicals can be diversified, and the subsidiary companies can be driven to achieve operational excellence in their area of core competence.
Consistent with this structure are the specific roles of nogaholding. These roles are:
- Portfolio management
- Promotion of operational excellence and best practice sharing
- Development of intellectual capital (people), and
- Provision of technical services.